Date:     Thursday 27 November Time:    12:15 for 12:30pm start Venue:  Reserve Bank of Australia, Ground Floor, 65 Martin Place Presenter: Andrew Wait, University of Sydney This event is free to members with light refreshments provided.  Presentations usually conclude between 1.15pm and 1.30pm. The 2014 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded to French economist Jean Tirole "for his analysis of market power and regulation". In the first of what we hope will become an annual event, we are pleased to welcome a local researcher in Tirole’s field to present a seminar on Tirole’s work. Abstract Jean Tirole transformed the field of industrial organisation; without his contribution, this important area of economics would be unrecognisable. Tirole’s book The Theory of Industrial Organization, published in 1988, still remains the discipline’s standard. If not that was not enough, he has made similar contributions to regulatory economics, game theory, contract theory, organisational economics and to our understanding of financial markets and banking. To reflect on his work, this presentation will focus on several of Tirole’s important contributions and highlight the some of his key insights. Presenter Andrew Wait works in the School of Economics at the University of Sydney. He has a PhD from the Australian National University and a Bachelor of Economics (Honours) from the University of Adelaide. Andrew’s research interests include industrial organisation and organisational economics. His current research projects include an empirical analysis of the allocation of decision-making rights within firms and a study of investment games when contracts are incomplete. Andrew has published in the Rand Journal of Economics and the Journal of Law, Economics and Organization. He is the co-convenor of the Annual Organizational Economics Workshop.